4.0k views
did xrp win the lawsuit
by (50.5k points)

1 Answer

0 votes
Yes, Ripple (the company behind XRP) won a partial victory in its lawsuit with the U.S. Securities and Exchange Commission (SEC). The U.S. District Court of the Southern District of New York ruled that the sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts, but the institutional sale of the tokens did violate federal securities laws1. This ruling brought some regulatory clarity for the cryptocurrency industry1. The price of XRP surged following the news2. However, it’s important to note that some of these findings could be appealed and reversed2.
by (3.7k points)

Related questions

0 answers
91 views
asked Apr 26, 2021 by asklent042021 (27.6k points)
0 answers
84 views
asked Apr 27, 2021 by asklent042021 (27.6k points)
0 answers
77 views
asked Apr 1, 2021 by asklent032021 (50.5k points)
0 answers
57 views
asked Dec 2, 2021 by asklent112021 (9.1k points)
0 answers
62 views
asked Dec 2, 2021 by asklent112021 (9.1k points)
1 answer
145 views
asked Dec 2, 2021 by asklent112021 (9.1k points)
0 answers
67 views
asked Jul 30, 2021 by asklent072021 (13.9k points)
0 answers
71 views
asked Jul 31, 2021 by asklent072021 (13.9k points)
0 answers
71 views
asked Jul 30, 2021 by asklent072021 (13.9k points)
0 answers
75 views
asked Jun 5, 2021 by Asklent052021 (59.1k points)

Free Online Question and Answer Website

Are you curious? Get answers to your questions online. Share and spread your know-how through the best question and answer English Website. Join the free question-answer site today. Ask thought-provoking questions and get the answers from the experts. Select and choose topics of your choice. Create or join your own community.

Ask your question with your name or go anonymous. Become street smarter and join hands with likeable people.
Ask us any question and get instant help. You can learn and know anything about this platform.

The best answers will get a vote-up. Don't wait and sign up now? Explore a wide range of different questions and answers. Active users and regular readers will get benefited and also help us grow.

For any little concern, we are here. Get a quick fix answer for all your questions. We are happy to share. Asklent is a platform for helping each other.